Legacy Reserves (Legacy Reserves) Days Payable : 6.22 (As of Sep. 2019)

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What is Legacy Reserves Days Payable?

Legacy Reserves's average Accounts Payable for the three months ended in Sep. 2019 was $5.81 Mil. Legacy Reserves's Cost of Goods Sold for the three months ended in Sep. 2019 was $85.26 Mil. Hence, Legacy Reserves's Days Payable for the three months ended in Sep. 2019 was 6.22.

The historical rank and industry rank for Legacy Reserves's Days Payable or its related term are showing as below:

LGCYP.PFD' s Days Payable Range Over the Past 10 Years
Min: 1.74 Med: 8.54 Max: 15.41
Current: 9.23

During the past 13 years, Legacy Reserves's highest Days Payable was 15.41. The lowest was 1.74. And the median was 8.54.

LGCYP.PFD's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 61.11 vs LGCYP.PFD: 9.23

Legacy Reserves's Days Payable declined from Sep. 2018 (6.65) to Sep. 2019 (6.22). It may suggest that Legacy Reserves accelerated paying its suppliers.

Legacy Reserves Days Payable Historical Data

The historical data trend for Legacy Reserves's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Legacy Reserves Days Payable Chart

Legacy Reserves Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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4.31

8.04

12.55

13.05

12.32

Legacy Reserves Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Days Payable	Get a 7-Day Free Trial															6.65	10.53	20.21	16.27	6.22

Competitive Comparison of Legacy Reserves's Days Payable

For the Oil & Gas E&P subindustry, Legacy Reserves's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Legacy Reserves's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Legacy Reserves's Days Payable distribution charts can be found below:

* The bar in red indicates where Legacy Reserves's Days Payable falls into.

Legacy Reserves Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Legacy Reserves's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (13.093	+	11.227)	/	2 )	/	360.283	*	365
=	12.16					/	360.283	*	365
=	12.32

Legacy Reserves's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

	Days Payable (Q: Sep. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2019 )	+	Accounts Payable (Q: Sep. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
=	( (2.695	+	8.921)	/	2 )	/	85.264	*	365 / 4
=	5.808					/	85.264	*	365 / 4
=	6.22

Legacy Reserves Days Payable Related Terms

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Legacy Reserves (Legacy Reserves) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Legacy Reserves Inc (NAS:LGCYP.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 West Wall Street, Suite 1800, Midland, TX, USA, 79701

Website

http://www.legacyreserves.com

Legacy Reserves LP is a limited partnership which focuses on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. The company owns an interest in producing oil and natural gas properties in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and several other states. The company operates through the segment being the Acquisition and development of oil and natural gas properties.